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ACA Token Set to Launch HedgeBoard For Optimal Trading Signals
Market highlights January 14: Bitcoin takes a step back, big banks kick off earnings season
The crypto market was mostly lower over the past 24 hours. Major investment bank JPMorgan Chase reports its…
The post Market highlights January 14: Bitcoin takes a step back, big banks kick off earnings season appeared first on Coin Journal.
Rio de Janeiro Plans to become “Crypto Rio” by Storing Part of its Reserves in Bitcoin
Following in the footsteps of Miami, Brazilian city Rio de Janeiro plans to enter the crypto space by having 1% of its reserves in Bitcoin. (Read More)
Hitachi Rail Partners Exclusively with Intermodal Telematics to Offer a Digital Solution to Improve Rail Freight Efficiency and Safety
Netherlands based independent solution provider IMT has pioneered the development of digital monitoring sensors and telematics solutions for freight wagons and containers. The sensors verify the exact location of the cars, the loading status, the open/close condition of doors and hatches, the temperature and pressure of the cargo and the health condition of bogies and wheelsets. The data is sent to the Cloud via a solar powered GPS device and allows the condition of the train and its cargo to be monitored in real time, as well as alerting operators about potential issues. The partnership allows the use of AI analytics to optimise the efficiency and safety of its customers' freight services worldwide.
Powered by IMT, Hitachi can now provide fully-fledged telematics solutions that improve reliability and performance for the freight market. The technology can give companies the vital information they need to control their supply chains more efficiently and respond with appropriate interventions more quickly. With global supply chains having faced major disruption throughout 2021 and challenges predicted to continue, the partnership offers enhanced resilience for companies transporting goods via rail freight.
The partnership with Intermodal Telematics will complement Hitachi Rail's purchase of Perpetuum last year. The British rail technology firm, Perpetuum, provides Hitachi with digital solutions that improve train reliability and performance. Its remote condition monitoring detects emerging damage in train bogies long before it can be identified by other means, thus preventing failures, facilitating more efficient maintenance cycles, and increasing the life of the wheels. Coupled with the IMT solution, Hitachi will now be able to completely monitor freight vehicles in real time.
Edoardo La Ficara, Executive Officer and Chief Operating Officer for Operation, Service & Maintenance, Hitachi Rail, said:
"Hitachi Rail is focused on growing its digital offer to develop data-driven solutions to meet our customer's complex challenges. Our exclusive partnership with IMT delivers this and enables Hitachi to provide an enhanced digital freight offer across the globe, with a strong initial focus on European and North American markets.
"This solution will enable operators and maintainers to be aware of vehicles' position and status at all times. This will provide a radical evolution for the freight industry, whose railcars are overwhelmingly without any telematics or monitoring whatsoever."
IMT will now exclusively offer the Perpetuum sensor solution in the freight market, which will further broaden IMT's full portfolio in asset and cargo monitoring for the international rail market. Commenting, Dethmer Drenth, Managing Director and Founder of IMT, said:
"This partnership adds a significant value to our railcar market offering as we expand our renowned assets and cargo related monitoring to specific predictive asset maintenance monitoring with the Hitachi/Perpetuum sensor. In that way we create a holistic view of the railcar above and below the axle, alerting the asset and cargo owner on a need-to-know and managing-by-exception basis."
The integration of digital technology has a major role to play in enhancing the effectiveness and efficiency of operations, train maintenance and safety. The partnership follows the global mobility firm's strategy of expanding its digital capabilities, including Hitachi's Lumada platform that uses AI and the Internet of Things to turn data into actionable business insights.
The partnership's initial focus for the new digital service will be in European and North American markets. Hitachi Rail is already an established provider to freight operators in North America, where over 34.5 million carloads and intermodal units were transported in 2021, a growth of 4.8% compared to 2020.
About Hitachi Rail:
Hitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signalling, service & maintenance, digital technology and turnkey solutions. With a presence in 38 countries across six continents and over 12,000 employees, our mission is to contribute to society through the continuous development of superior rail transport solutions. We are proud of our global achievements, from our world famous "bullet trains", to our signalling solutions and turnkey projects, state-of-the-art traffic management and digital solutions. Drawing on the wider Hitachi Group's market-leading technology and research- and-development capabilities, we strive for industry leading innovations and solutions that can deliver value for customers and sustainable railway systems that benefit wider society. For information about Hitachi Rail, visit www.hitachirail.com.
About Intermodal Telematics (IMT)
IMT is the world leading independent telematics solution partner for the tank container industry, offering smart sensor technology and a web application with which operators, container manufacturers, lessors and shippers can obtain the insights they need to improve their delivery performance, operational efficiency and safety. R&D, production, hardware and software development are all in-house, delivering cost-effective product development via a team of 74 people in the Netherlands, Germany and Spain, backed by an entrepreneurial management team with significant industry experience. IMT offers a complete range of monitoring sensors and telematics systems including location, temperature, pressure, full/empty and heating sensors, all connected to its proprietary software platform. More information about IMT, visit www.intermodaltelematics.com.
For more information, please contact:
Adam Love, Group Head of External Affairs:
+44 7860 273 317 or adam.love@hitachirail.com
Anja Smid, Marketing Communications Manager, IMT, on +31 6 222 23 974 (or +31 76 231
02 00) or at anja.smid@intermodaltelematics.com.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi Rail and Intermodal Telematics (IMT) have agreed an exclusive long-term partnership that will add IMT's pioneering monitoring sensors to Hitachi's existing digital freight service.
Bitcoin ETF Launch Hype Dwindles as Funds Slide in Worth
Because several bitcoin ETF applications were declined before 2021, a big segment of the cryptocurrency community has been anticipating the introduction of the first bitcoin exchange-traded fund (ETF) for years. The Slump in Bitcoin Futures ETFs Continues Finally, after the first US bitcoin futures, ETF was approved, Proshare’s bitcoin futures ETF debuted with a bang, grabbing about $1 billion in total volume in its first 24 hours. Months later, on January 13, 2022, the Proshares Bitcoin Strategy ETF (BITO) is trading for $26.96, down 39.12 percent from its November 10, 2021 peak of 44.29. In mid-November, Bloomberg contributor Katherine Greifeld stated that the ‘bitcoin futures ETF mania is receding.’ “While the Proshares fund swallowed $1.1 billion in two days – the fastest an ETF has ever done so,” Greifeld noted at the time. The financial author went on to examine the Vaneck ETF, pointing out that the fund’s lower management fees could set it apart from the competition. At the time, Greifeld quoted Bloomberg Intelligence senior ETF analyst, Eric Balchunas, who said: “There’s definitely a lull going on right now relative to the launch mania and so Vaneck has their work cut out for them in trying to get people excited again.” Valkyrie’s BTF is Down 37%, Vaneck’s XBTF is Down 27%, and the Total Open Interest in Bitcoin Futures Across Cryptocurrency Exchanges is Down More Than 38% The Valkyrie Bitcoin Strategy ETF (BTF) experienced the same thing when it hit an all-time high (ATH) of $26.67 per share on November 9, 2021, and now trades at $16.70 per unit, down 37.38 percent from the ATH. The Vaneck Bitcoin Strategy ETF (XBTF) is down only 27.70 percent from its peak of $58.08 per unit on November 19, 2021, to its current price of 41.99 per unit. Despite the fact that Proshares and Valkyrie ETFs were launched before Vaneck, they all show a significant correlation with the spot price of bitcoin and the crypto asset’s futures markets. Open interest in futures markets has decreased since mid-November, as has total bitcoin futures open interest across cryptocurrency exchanges. The largest open interest in bitcoin futures was approximately $28 billion on November 11, 2021. The total open interest on most major derivatives markets is currently $17.22 billion. That’s a 38.50 percent drop in the last two months, and the pattern looks a lot like bitcoin’s spot market price behavior.
The post Bitcoin ETF Launch Hype Dwindles as Funds Slide in Worth appeared first on Cryptoknowmics-Crypto News and Media Platform.
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